If I wasn’t constantly being told be the TV, radio, newspaper, and magazines that we are in a financial downturn, would I know that from my every day life experiences over the last year?
My answer is no.
My life has gone on pretty much unchanged from what it was prior to this “down turn.” No, that’s not right. Truthfully, it is much better. My business has remained very good. As a matter of fact, the last couple of years were the best in my career. There have been a lot of eager buyers — eager to buy a home, and eager to take advantage of the $8000 tax credit.
In some ways, business is much easier now.
Sellers are much more willing to deal and try harder to put a sale together and keep it together. Also, builders are paying nice bonuses for selling their homes — homes that I probably would have sold anyways to the buyers that I have. Everyone seems much more appreciative of my efforts — co-op agents, builders, mortgage lenders, title companies, etc.
As far as listings go, sellers have been less likely to try to cut commissions. They realize the value of a Realtor — and they generally listen to pricing suggestions better — they’re just happy to be able to sell their homes.
On a personal level, it seems like everything is on sale. There are great deals to be had out there — vacations, hotels, cars — and even small ticket items like books, etc. Now is a great time to buy and do things.
Now I realize that different people in different locations have different circumstances. I am speaking only for my situation here in El Paso, Texas. And speaking for me, I’d say that now is a great time to be in the real estate business and to enjoy life.
The moral of the story…
Stop listening to the media and make your own decisions about what kind of times you live in — enjoy your career and enjoy your life!
Barry Karch is a Realtor with The Real Estate Power Houses at Prudential BKB, REALTORS in El Paso, TX